Industrial

Owning or leasing industrial space in New Jersey means you’re within one day’s drive of one-third of the nation’s population. That means the state continues to be a hotbed of warehouse and logistics activity.

Industrial
Sponge maker moving from Pennsylvania, acquires 116,000 sq. ft. building in Pennsauken

A sponge maker of ‘Shark Tank’ fame is moving its business from Pennsylvania after buying a newly upgraded industrial building in South Jersey, in a deal arranged by NAI Mertz.

People
Denholtz adds paralegal amid ongoing plan to streamline leasing team

Denholtz Properties has added a paralegal to its team in an effort to further enhance and streamline its in-house leasing operations, the Red Bank-based firm announced Tuesday.

Industrial
Kokes plans 45,000 sq. ft. self-storage project in Ocean County

Kokes Properties is eyeing the start of a new self-storage project in Ocean County after recently securing approvals for the 45,000-square-foot facility.

Industrial
Kislak inks sale of 44,000 sq. ft. industrial building in Hunterdon

A warehouse and manufacturing building in Hunterdon County has changed hands for nearly $4 million, in a transaction arranged by The Kislak Co. Inc.

Professional Services
Transwestern to close New Jersey office in early April, company says

Transwestern is closing its New Jersey office next month, a company representative said, in a move that comes a decade after the commercial real estate services firm entered the market.

Industrial
Dermody names new director of property management for East Coast portfolio

Dermody Properties has announced a new hire to the team overseeing its East Coast portfolio of industrial buildings.

Finance & Capital Markets
Stro inks $28 million refi for industrial buildings in Union, Bergen counties

The Stro Cos. has secured nearly $28 million to refinance a five-building, 340,000-square-foot portfolio of industrial buildings in Union and Bergen counties.

People
Saxum Real Estate announces new principals, promotions amid continued growth

By Joshua Burd Saxum Real Estate has announced two new principals and a series of promotions as the Summit-based developer and investment firm continues its growth nationally. The new principals include Chad DeBolt and Sean Gilbert, who both joined the…

Industrial
Union County industrial buildings fetch $2 million, BRC says

A provider of printing and packaging solutions has sold a two-building, 20,000-square-foot industrial portfolio in Union County, in a newly announced transaction by Bussel Realty Corp.

Industrial
CBRE: Developer plans 160,000 sq. ft. industrial project at ex-Kearny rehab complex

A developer has acquired 10 acres in Kearny with plans to build a new 160,000-square-foot distribution center at the site, according to brokers with CBRE.